Martingale strategy is only suitable for spot trading and those with a steady flow of funds to buy the dip. Recently, the market has been moving up and down so quickly. With high leverage and margin, if you pick the wrong direction, there’s almost no chance to recover. Back when it was around 3200, I was actually thinking about hedging because the 1-hour chart was consolidating for a whole day. Unfortunately, I could only open a $2000 position with the same amount of ETH margin, so I gave up with a bit of wishful thinking. If I had hedged after the breakdown and waited for at least a 4-hour bullish divergence rebound to close the short, maybe I could’ve gotten out of it. Knowing and doing are two different things